Indian

Paytm with funded by Berkshire Hathaway and Ant targets $2.2 bln Indian IPO in booming e-payment market

The offering, which values the company at up to $25 billion according to sources, comes at a time of a pandemic-fuelled boom in India’s digital economy and an intensifying battle for market share with Alphabet Inc’s Google Pay and Facebook Inc-owned WhatsApp Pay.
Founded by entrepreneur Vijay Shekhar Sharma, 43, the company was thrust into the spotlight in 2016 during India’s shock ban on high-value currency bank notes, which led to a surge in digital payments. It helped Paytm expand its services to insurance and gold sales, movie and flight ticketing, and bank deposits and remittances.

47 districts reported over 10 pc COVID-19 positivity rate for week ending July 15: Govt

PM Modi said the country stands at a point in its battle with the pandemic where apprehensions about a third wave are being continuously expressed. These states have accounted for 80 percent of new COVID-19 cases last week and 84 percent of deaths, he noted in his closing remarks, specifically mentioning the rise in infections in Kerala and Maharashtra as a matter of grave concern for the country.

DCGI examining Zydus Cadila’s COVID vaccine for children, says Dr VK Paul

The Centre in an affidavit told the Delhi High Court that pharmaceutical major Zydus Cadila’s COVID-19 vaccine may be available in the near future for children in the age group of 12 to 18 years. Zydus Cadila has concluded its trial for children between the age group of 12 to 18 and is subject to statutory permissions, the Centre added.

International

Chubb recognises climate change reality,pulls back from coal

Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022.  In addition, Chubb will not make new debt or equity investments in companies that generate more than 30% of revenues from thermal coal mining or energy production from coal. 

Markel International launches Cyber 360 Policy

Coverage will be provided on a stand-alone and add on basis for businesses in the UK, Europe, Canada, Asia and elsewhere. With limits of up to £10m/€15m/$20m per risk, Markel Cyber 360 is offered across most businesses, industries and geographies.

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